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FORD MOTOR CREDIT CO. v. HUTCHERSON

No. 82-32.

640 S.W.2d 96 (1982)

277 Ark. 102

FORD MOTOR CREDIT COMPANY, Appellant and Cross/Appellee, v. Donald E. HUTCHERSON, Appellee and Cross/Appellant.

Supreme Court of Arkansas.

Rehearing Denied November 8, 1982.

Attorney(s) appearing for the Case

Smith & Nixon by W.R. Nixon, Jr., Little Rock, for appellant and cross/appellee.

Rubens & Rubens by Kent J. Rubens, West Memphis, for appellee and cross/appellant.

DUDLEY, Justice.

Donald E. Hutcherson, appellee, purchased a Lincoln Mark V automobile from Union Lincoln Mercury of Little Rock. The parties executed a level payment installment sales contract that provided for the financing of $12,700 at 10% per annum, payable in 48 equal monthly installments of $322.09, with the total finance charge stated as $2,760.32. The figures for the amounts of the monthly installments and of the finance charge were taken from ordinary interest...

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